BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

The status quo on Nagorno-Karabakh conflict is increasingly dangerous, the OSCE Minsk Group's U.S. Co-chair, James Warlick wrote on his personal Twitter page on July 8.

"Leaving Washington today to meet with the OSCE co-chairs to discuss next steps on Nagorno-Karabakh peace. The status quo is increasingly dangerous," Warlick tweeted.

However he did not elaborate on the time and venue of the meeting.

OSCE Minsk Group Co-chairs Igor Popov (Russia), James Warlick (the U.S.), Jacques Faure (France), the new Co-chair from France Pierre Andre and the OSCE Chairman-in-Office Special Representative Andrzej Kasprzyk visited Azerbaijan on May 31.

They had a meeting with the leadership of Azerbaijan and exchanged views on the current state and prospects of the negotiations on the settlement of Armenian-Azerbaijani Nagorno-Karabakh conflict.

The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.

The two countries signed a ceasefire agreement in 1994. The co-chairs of the OSCE Minsk Group, Russia, France and the U.S. are currently holding peace negotiations.

Armenia has not yet implemented the U.N. Security Council's four resolutions on the liberation of the Nagorno-Karabakh and the surrounding regions.